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Coronavirus has a firm grip on the Frankfurt Stock Exchange - yields at record lows

2020-02-27T13:18:30.658Z


The corona virus also affects the Frankfurt stock exchange. Yields are at a record low. A representative of German industry warns of the consequences of the virus.


The corona virus also affects the Frankfurt stock exchange. Yields are at a record low. A representative of German industry warns of the consequences of the virus.

  • The corona virus is now extremely stressful for the German and international economy .
  • On the Frankfurt Stock Exchange , investors are feeling the effects of Covid19 due to falling share prices .
  • International supply chains and even small and medium-sized German companies are also affected.

Frankfurt - The corona virus not only has devastating health consequences, the economy also suffers from the lung disease from China. The fear of the consequences of the corona virus has now also got a firm grip on the stock exchanges . After the break from the previous day , the Dax lost a good two percent on Thursday morning in Frankfurt to 12 509.67 points . The day before, the index had already dropped to its lowest level since mid-October .

Corona virus: The economic consequences are enormous - yields have fallen to record lows

An expert emphasized that investors still did not properly assess the consequences of Covid19 * . At the same time, however, yields on the bond markets fell to new record lows . For long-term oriented investors, shares at a lower level could therefore become attractive again.

Lufthansa shares fell by almost six percent to their lowest level in three years. Analysts justified the sharp drop in the fact that investors had apparently opted to contain the corona virus in the Asia region before the losses.

Read also what symptoms the coronavirus causes in humans.

Coronavirus: German industry sees the epidemic as a "stress test" for the economy

German industry sees the corona virus , which is now more deadly than the flu, as a "stress test" for the economy . The chief executive of the Federal Association of German Industry, Joachim Lang, warns of “ noticeable negative effects ” for the economy and therefore called on the federal government to take a coordinated approach to economic policy. "In addition to health protection, politics must now also focus on economic crisis management ." Coronavirus consequences are particularly worrying for the economy, also because China is Germany's largest trading partner .

Lang explained that some supply chains with a strong focus on China would not pass the “stress test” at the moment. The more than 5000 German companies in China are severely restricted in procurement, production and sales. But not only internationally active companies from Germany are suffering from the consequences of Covid19. According to a survey by the Federal Association of Small and Medium-Sized Businesses, every fourth small and medium-sized German company is already feeling the effects of the epidemic.

You can also read at Merkur.de how high the risk of infection with the corona virus is and whether quarantined employees continue to receive salary *.

* Merkur.de is part of the nationwide Ippen-Digital editors network.

dpa, AFP, cia

Source: merkur

All news articles on 2020-02-27

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